Rent-A-Center Inc (RCII) Given Consensus Recommendation of “Hold” by Brokerages

Rent-A-Center Inc (NASDAQ:RCII) has been assigned a consensus rating of “Hold” from the eleven research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $12.50.

A number of research firms have commented on RCII. ValuEngine upgraded shares of Rent-A-Center from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. BidaskClub lowered shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Thursday, August 23rd. TheStreet upgraded shares of Rent-A-Center from a “d+” rating to a “c-” rating in a research note on Monday, July 9th. Zacks Investment Research upgraded shares of Rent-A-Center from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, July 4th. Finally, Northcoast Research lowered shares of Rent-A-Center from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 19th.

NASDAQ RCII opened at $14.57 on Friday. The company has a current ratio of 2.60, a quick ratio of 0.67 and a debt-to-equity ratio of 2.15. The firm has a market capitalization of $791.37 million, a price-to-earnings ratio of -26.98 and a beta of 0.59. Rent-A-Center has a one year low of $7.22 and a one year high of $14.94.

Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings data on Monday, July 30th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. The company had revenue of $655.70 million for the quarter, compared to analyst estimates of $645.49 million. Rent-A-Center had a net margin of 0.61% and a negative return on equity of 3.42%. Rent-A-Center’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) earnings per share. equities analysts anticipate that Rent-A-Center will post 0.67 earnings per share for the current year.

In other news, insider Engaged Capital Llc sold 4,450,000 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $14.67, for a total transaction of $65,281,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.88% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Freestone Capital Holdings LLC purchased a new stake in Rent-A-Center during the first quarter worth about $2,263,000. Perella Weinberg Partners Capital Management LP purchased a new stake in Rent-A-Center during the second quarter worth about $5,967,000. Price Capital Management Inc. purchased a new stake in Rent-A-Center during the second quarter worth about $706,000. Pacifica Capital Investments LLC purchased a new stake in Rent-A-Center during the second quarter worth about $2,287,000. Finally, SG Americas Securities LLC boosted its holdings in Rent-A-Center by 1,228.8% during the second quarter. SG Americas Securities LLC now owns 438,269 shares of the company’s stock worth $6,451,000 after buying an additional 405,286 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

About Rent-A-Center

Rent-A-Center, Inc, together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; and furniture, including accessories under rental purchase agreements.

See Also: Diversification

Analyst Recommendations for Rent-A-Center (NASDAQ:RCII)

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